Corient Private Wealth LLC lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 878,410 shares of the industrial products company's stock after selling 8,168 shares during the quarter. Roper Technologies comprises approximately 0.8% of Corient Private Wealth LLC's investment portfolio, making the stock its 20th biggest position. Corient Private Wealth LLC owned about 0.82% of Roper Technologies worth $456,642,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp grew its position in Roper Technologies by 2.9% during the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock worth $2,632,199,000 after buying an additional 132,575 shares in the last quarter. Geode Capital Management LLC grew its position in Roper Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company's stock worth $1,357,162,000 after buying an additional 51,131 shares in the last quarter. Wellington Management Group LLP grew its position in Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after buying an additional 345,268 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Roper Technologies by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 673,193 shares of the industrial products company's stock worth $349,959,000 after buying an additional 24,290 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Roper Technologies by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock worth $368,382,000 after buying an additional 45,947 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.
Roper Technologies Price Performance
Shares of ROP traded down $2.38 during trading hours on Thursday, reaching $575.45. The stock had a trading volume of 439,204 shares, compared to its average volume of 497,047. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The stock has a market capitalization of $61.79 billion, a PE ratio of 40.13, a PEG ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company's 50-day moving average is $561.45 and its two-hundred day moving average is $552.40.
Roper Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.01%.
Insider Buying and Selling
In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock valued at $4,712,045 in the last three months. Insiders own 0.87% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Raymond James restated a "strong-buy" rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and upped their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, Truist Financial restated a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $623.60.
Get Our Latest Analysis on ROP
About Roper Technologies
(
Free Report)
Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.
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